Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Automatic Data Processing Inc Market Cap
Based on ratings from 18 stock analysts, the Automatic Data Processing Inc stock price is expected to decrease by 3.24% in 12 months. This is calculated by using the average 12-month stock price forecast for Automatic Data Processing Inc. The lowest target is $260 and the highest is $310. Please note analyst price targets are not guaranteed and could be missed completely.
ADP is a stock in Technology which has been forecasted to be worth $275.91 as an average. On the higher end, the forecast price is $310 USD by Ramsey El-Assal from Barclays and on the lower end ADP is forecasted to be $260 by James Faucette from Morgan Stanley.
These are the latest 20 analyst ratings of ADP.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Peter Christiansen Citigroup | Neutral | $295 | Maintains | Sep 25, 2024 |
| Tien-Tsin Huang JP Morgan | Underweight | $285 | Maintains | Aug 20, 2024 |
| Ramsey El-Assal Barclays | Overweight | $310 | Maintains | Aug 5, 2024 |
| Ashish Sabadra RBC Capital | Sector Perform | $267 | Reiterates | Aug 1, 2024 |
| David Grossman Stifel | Hold | $287 | Maintains | Aug 1, 2024 |
| Jason Kupferberg B of A Securities | Neutral | $267 | Maintains | Aug 1, 2024 |
Jefferies | Hold | $260 | Maintains | Aug 1, 2024 |
| Tien-Tsin Huang JP Morgan | Underweight | $250 | Maintains | May 2, 2024 |
| Ramsey El-Assal Barclays | Overweight | $282 | Maintains | May 2, 2024 |
| Bryan Bergin TD Cowen | Hold | $251 | Maintains | May 2, 2024 |
| David Togut Evercore ISI Group | Underperform | $235 | Maintains | Mar 26, 2024 |
| Dan Dolev Mizuho | Buy | $272 | Maintains | Mar 11, 2024 |
| Ashish Sabadra RBC Capital | Sector Perform | $267 | Reiterates | Feb 1, 2024 |
| Jason Kupferberg B of A Securities | Neutral | $243 | Upgrade | Jan 17, 2024 |
| Darrin Peller Wolfe Research | Peer Perform | Upgrade | Jan 4, 2024 | |
| David Grossman Stifel | Hold | $250 | Reiterates | Nov 30, 2023 |
| Kevin Mcveigh UBS | Neutral | $235 | Initiates | Nov 7, 2023 |
| Dan Dolev Mizuho | Buy | $255 | Maintains | Oct 31, 2023 |
| James Faucette Morgan Stanley | Equal-Weight | $250 | Maintains | Oct 26, 2023 |
| Ramsey El-Assal Barclays | Overweight | $280 | Maintains | Oct 26, 2023 |
When did it IPO
1983
Staff Count
64,000
Country
United States
Sector/Industry
Technology/Software - Application
CEO
Ms. Maria Black
Market Cap
$116.30B
In 2023, ADP generated $18.01B in revenue, which was a increase of 9.18% from the previous year. This can be seen as a signal that ADP's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Fri, 04 Oct 2024
Sentiment - POSITIVE
Source - GuruFocus
Summary - ADP's share price is $283.24, down 0.49% today, but it has gained 20.38% over the last three months, indicating strong financial performance.
Why It Matters - ADP's strong financial performance and 20.38% gain over three months signal robust growth potential, attracting investor interest despite a minor daily dip.
Fri, 04 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Pre-market futures are rising due to better-than-expected jobs numbers, lower unemployment rates, and a temporary resolution to the dockworkers' strike.
Why It Matters - Stronger jobs data and a resolution to the dockworkers' strike signal economic stability, boosting investor confidence and likely leading to market gains.
Fri, 04 Oct 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - Nonfarm payrolls rose unexpectedly in September, indicating stronger job growth than anticipated, which may impact economic outlook and monetary policy.
Why It Matters - A significant rise in nonfarm payrolls signals economic strength, potentially influencing interest rates and market sentiment, impacting stock prices and investment strategies.
Tue, 01 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - ADP will announce its Q1 fiscal results for the period ending September 30, 2024, on October 30, 2024, before the Nasdaq opens.
Why It Matters - ADP's upcoming financial results could impact its stock price and investor sentiment, reflecting the company's performance and market conditions in the HCM sector.
Wed, 02 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - ADP reported that private-sector payrolls exceeded expectations in its latest release, indicating stronger job growth in the economy.
Why It Matters - Stronger-than-expected private-sector payrolls indicate robust economic growth, potentially influencing interest rates and market confidence, impacting stock and bond performance.
Wed, 02 Oct 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Pre-market futures are mixed: Dow -65 points, S&P 500 -5, Nasdaq +20. A port strike impacts 35% of U.S. imports amid rising Middle Eastern tensions following recent events.
Why It Matters - Mixed pre-market futures indicate uncertainty, influenced by supply chain disruptions from a port strike and geopolitical tensions, which can impact market performance and investor sentiment.
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